Euro hit two-month high against U.S. dollar

08:39, July 16, 2010      

Email | Print | Subscribe | Comments | Forum 

The euro topped 1.29 U.S. dollars for the first time in more than two months on Thursday as investors renewed concerns about the U.S. economic outlook.

The Federal Reserve Bank of New York said the region's manufacturing activity was expanding in July but at a much slower pace than in June or May. The Empire State's business conditions index fell to 5.08 this month from 19.57 in June.

On Wednesday, the Federal Reserve lowered its 2010 gross domestic product forecast by 0.2 percentage points to a range of 3. 0 percent to 3.5 percent, suggesting Europe's debt and fiscal crisis could undermine expansion of the U.S. economy.

In late trading in New York, the euro was worth 1.2897 dollars, compared with 1.2731 dollars late Wednesday.

The British pound surged to 1.5413 dollars from 1.5253 dollars, while the dollar edged up to 88.46 Japanese yen from 88.28 yen. The dollar also tumbled to 1.0434 Swiss francs from 1.0550 francs, but rose to 1.0380 Canadian dollars from 1.0352 Canadian dollars.

Source:Xinhua

(Editor:黄蓓蓓)

  • Do you have anything to say?

双语词典
dictionary

  
Special Coverage
  • Premier Wen Jiabao visits Hungary, Britain, Germany
  • From drought to floods
Major headlines
Editor's Pick
  • On Sept. 28, tourists travel around the Mingshashan Scenic Area in Dunhuang, Gansu province by camel. With the National Day vacation right around the corner, more and more tourists from home and abroad are going to Dunhuang. Riding on a camel, they travel in the desert to enjoy the cities rare form of natural scenery. (Xinhua/Zhang Weixian)
  • Chinese forest armed forces work together with forest firefighters on Sept. 28. (Xinhua/Chai Liren)
  • Photo taken on Sept. 29, 2011 shows strong wind blows trees in Sanya, south China's Hainan Province. Typhoon Nesat heads towards south China and is moving at an average wind speed of 20 km per hour toward the west coast of China's Guangdong Province. (Xinhua/Hou Jiansen)
  • A fallen tree is seen on a road in Qionghai, south China's Hainan Province, Sept. 29, 2011. Typhoon Nesat was predicted to land in Hainan later Thursday, bringing heavy rainfalls to the island. (Xinhua/Meng Zhongde)
  • Arash Kamalvand (L) of Iran spikes the ball during the semifinal against South Korea at the 16th Asian Men's Volleyball Championship in Tehran, Iran, Sept. 28, 2011. Iran won 3-1 to advance to the final. (Xinhua/Ahmad Halabisaz)
  • A man visits "Thy Word Is Truth, the Bible Ministry Exhibition of the Protestant Church in China", during its opening at Mount Vernon Place United Methodist Church in Washington DC, capital of the United States, Sept. 28, 2011. Through the Bible's various Chinese versions, ancient or modern, as well as pictures, paintings, calligraphy, art works and historical documents, the exhibition was expected to give an overall understanding of how Bible was brought into China, how it was translated, published, distributed and loved. (Xinhua/Zhang Jun)
Hot Forum Discussion